Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.

This New York Giants DE Might Have Cost Himself $60 Million After 4th Of July Fireworks Accident

New York Giants defensive end Jason Pierre-Paul injured his hand during 4th of July celebrations and nerve damage plus burns could end up costing him $60 million.

According to ESPN’s Adam Schefter, the injuries are not career threatening, despite some confusion over the severity of the accident when it was first reported. However, Pierre-Paul has suffered some burns and possible nerve damage to one of his fingers.

Following the fireworks accident the Giants rescinded a long-term, $60 million offer.

NFL’s Ian Rapoport confirms that the defensive end was going to decline the offer anyway, and play on the franchise tag, worth about $14.8 million.

While he was prepared to turn down the $60 million offer, his injury could jeopardize long-term earnings. FanSided’s Matt Verderame notes, Pierre-Paul wanted big money after seeing players like J.J. Watt and Ndamukong Suh get over $100 million the last two seasons. His play hasn’t been as consistent as those NFL pro-bowlers and now he will have to prove that his 4th of July injuries are not as bad as first reported.

Before his injury Spotrac estimated Jason Pierre-Paul to be worth around $69 million.

With the franchise tag now associated with his contract, Pierre-Paul’s best bet is to play phenomenally well throughout the 2015-2016 season.